GHOST☠️ Insight____
Building on yesterday’s analysis, Bitcoin $BTC has shown an upward price movement, increasing by a set percentage and sustaining its momentum. It appears to be transitioning from consolidation into a distribution phase. Notably, the price didn’t quite enter the support zone established from the prior resistance level but came close, suggesting a possible retracement before a full reversal, as anticipated.
Currently, the price has reached the first resistance level (R1). While there is potential for a breakout above this level, it’s crucial to approach this cautiously. Market conditions should be carefully assessed before taking any substantial position, as betting heavily on either side could carry significant risk.
